Since they were first introduced 40 years ago, 401(k) plans have become one of the most popular ways for Americans to save for retirement. In fact, the term “401(k)” has practically become synonymous with retirement saving in America. Average Balances Reach All-Time High New research recently conducted by Fidelity Investments, one of the largest administrators […]

Recently, the Trump administration has voiced concerns about the retirement readiness of many Americans. For example, a report released by Northwestern Mutual earlier this year revealed that about one out of every five Americans has no money at all saved for retirement. In addition, one out of every three baby boomers has less than $25,000 […]

With the end of the year fast approaching, now is the time to start thinking about money-saving year-end tax moves. This is especially true if you are self-employed or operate a freelance business. There are some year-end tax planning strategies available to self-employed individuals and freelancers that could potentially reduce 2018 taxes. But these strategies […]

If you ask five different people to define the “middle class,” you’ll probably get five different answers. In fact, many people consider themselves to be middle class regardless of how much money they make. The Pew Research Center has a specific definition for middle class: any household earning two-thirds to double the national median income, […]